Géraldine Falque: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Géraldine Falque
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-11.2%), from €111,458 to €98,958
- Cash +€3,643
up €3,643 (+11.8%), from €30,936 to €34,579
mainly Net result for the year (+€42,503) and Depreciation (+€12,500)
- Receivables within one year +€1,821
up €1,821 (+39.5%), from €4,608 to €6,429
- Other debts -€58,988
down €58,988 (-46.3%), from €127,389 to €68,401
- Profit (loss) carried forward +€42,503
up €42,503 (+722%), from €5,883 to €48,386
- Tax, wage and social debts +€10,155
up €10,155 (+149%), from €6,818 to €16,973
- Trade debts -€1,522
down €1,522 (-37.4%), from €4,074 to €2,552
- Gross operating margin +€45,567
up €45,567 (+198%), from €23,018 to €68,585
- Taxes +€9,308
up €9,308 (+379%), from €2,457 to €11,764
- Depreciation -€1,042
down €1,042 (-7.7%), from €13,542 to €12,500
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,165 | €140,036 | -€7,128 | -4.8% |
| Fixed assets | 21/28 | €111,458 | €98,958 | -€12,500 | -11.2% |
| Intangible fixed assets | 21 | €111,458 | €98,958 | -€12,500 | -11.2% |
| Current assets | 29/58 | €35,706 | €41,078 | +€5,372 | +15.0% |
| Amounts receivable within one year | 40/41 | €4,608 | €6,429 | +€1,821 | +39.5% |
| Trade receivables | 40 | €4,608 | €6,429 | +€1,821 | +39.5% |
| Cash at bank and in hand | 54/58 | €30,936 | €34,579 | +€3,643 | +11.8% |
| Deferred charges and accrued income | 490/1 | €162 | €70 | -€92 | -56.8% |
| Total equity and liabilities | 10/49 | €147,165 | €140,036 | -€7,128 | -4.8% |
| Equity | 10/15 | €8,883 | €51,386 | +€42,503 | +478% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,883 | €48,386 | +€42,503 | +722% |
| Amounts payable | 17/49 | €138,282 | €88,651 | -€49,631 | -35.9% |
| Amounts payable within one year | 42/48 | €138,282 | €87,926 | -€50,355 | -36.4% |
| Trade debts | 44 | €4,074 | €2,552 | -€1,522 | -37.4% |
| Suppliers | 440/4 | €4,074 | €2,552 | -€1,522 | -37.4% |
| Taxes, remuneration and social security | 45 | €6,818 | €16,973 | +€10,155 | +149% |
| Taxes | 450/3 | €6,818 | €16,973 | +€10,155 | +149% |
| Other amounts payable | 47/48 | €127,389 | €68,401 | -€58,988 | -46.3% |
| Accrued charges and deferred income | 492/3 | - | €724 | +€724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,542 | €12,500 | -€1,042 | -7.7% |
| Other operating charges | 640/8 | €316 | €577 | +€261 | +82.8% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €23,018 | €68,585 | +€45,567 | +198% |
| Operating profit (loss) | 9901 | €9,161 | €55,445 | +€46,284 | +505% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €821 | €1,178 | +€357 | +43.4% |
| Recurring financial charges | 65 | €821 | €1,178 | +€357 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €8,340 | €54,267 | +€45,927 | +551% |
| Income taxes | 67/77 | €2,457 | €11,764 | +€9,308 | +379% |
| Profit (loss) for the period | 9904 | €5,883 | €42,503 | +€36,620 | +622% |
| Profit (loss) for the period to be appropriated | 9905 | €5,883 | €42,503 | +€36,620 | +622% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.